{"id":7749,"date":"2026-04-15T10:34:09","date_gmt":"2026-04-15T13:34:09","guid":{"rendered":"https:\/\/artica.capital\/?post_type=pilulas&#038;p=7749"},"modified":"2026-04-15T10:34:19","modified_gmt":"2026-04-15T13:34:19","slug":"de-us-4-bilhoes-a-us-20-bilhoes-a-estrategia-que-transformou-a-formula-1","status":"publish","type":"pilulas","link":"https:\/\/artica.capital\/en\/clairfield-pilulas\/de-us-4-bilhoes-a-us-20-bilhoes-a-estrategia-que-transformou-a-formula-1\/","title":{"rendered":"De US$ 4 bilh\u00f5es a US$ 20 bilh\u00f5es: a estrat\u00e9gia que transformou a F\u00f3rmula 1"},"content":{"rendered":"<p>Acompanhada por milh\u00f5es de telespectadores ao redor do globo, a F\u00f3rmula 1 \u00e9 a principal categoria do automobilismo mundial. O que pouca gente sabe \u00e9 que se trata de uma empresa privada, e que, nas \u00faltimas duas d\u00e9cadas, passou pelo controle de dois investidores com perfis de atua\u00e7\u00e3o bastante diferentes, mas que, em ambos os casos, foram capazes de gerar bilh\u00f5es de d\u00f3lares de valor com o investimento.<\/p>\n\n\n\n<p>Em 2006, a CVC Capital Partners adquiriu o controle da F1 seguindo o playbook tradicional de \u201cleveraged buyouts\u201d: financiamento da aquisi\u00e7\u00e3o com um alto n\u00edvel de endividamento e foco na conten\u00e7\u00e3o de custos e no pagamento de dividendos para os acionistas. Acredita-se que tenha sido um dos investimentos mais rent\u00e1veis da hist\u00f3ria da CVC at\u00e9 ent\u00e3o. A empresa foi vendida para a americana Liberty Media em 2017, por US$ 4,4 bilh\u00f5es.<\/p>\n\n\n\n<p>A aquisi\u00e7\u00e3o da F1 pela Liberty Media foi cercada de d\u00favidas: a categoria enfrentava um decl\u00ednio de audi\u00eancia, com baixo interesse dos p\u00fablicos mais jovens, e as equipes perdiam dinheiro em uma corrida por investimentos em tecnologia cada vez maiores, que superavam as receitas que eram capazes de gerar. Al\u00e9m disso, a empresa possu\u00eda mais de US$ 4 bilh\u00f5es em endividamento, limitando sua capacidade de investimento.<\/p>\n\n\n\n<p>Desde ent\u00e3o, a Liberty Media promoveu um completo turnaround operacional e estrat\u00e9gico, levando a F\u00f3rmula 1 a um valor de mercado que hoje supera os US$ 20 bilh\u00f5es.<\/p>\n\n\n\n<p>Nesta p\u00edlula, contamos um pouco dessa hist\u00f3ria fascinante!<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula1.png\" alt=\"-\" class=\"wp-image-7715\" srcset=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula1.png 1024w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula1-300x169.png 300w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula1-768x432.png 768w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula1-18x10.png 18w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula2.png\" alt=\"-\" class=\"wp-image-7716\" srcset=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula2.png 1024w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula2-300x169.png 300w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula2-768x432.png 768w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula2-18x10.png 18w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula3.png\" alt=\"-\" class=\"wp-image-7717\" srcset=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula3.png 1024w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula3-300x169.png 300w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula3-768x432.png 768w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula3-18x10.png 18w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula4.png\" alt=\"-\" class=\"wp-image-7718\" srcset=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula4.png 1024w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula4-300x169.png 300w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula4-768x432.png 768w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula4-18x10.png 18w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula5.png\" alt=\"-\" class=\"wp-image-7719\" srcset=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula5.png 1024w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula5-300x169.png 300w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula5-768x432.png 768w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula5-18x10.png 18w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula6.png\" alt=\"-\" class=\"wp-image-7720\" srcset=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula6.png 1024w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula6-300x169.png 300w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula6-768x432.png 768w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula6-18x10.png 18w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula7.png\" alt=\"-\" class=\"wp-image-7721\" srcset=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula7.png 1024w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula7-300x169.png 300w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula7-768x432.png 768w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula7-18x10.png 18w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula8.png\" alt=\"-\" class=\"wp-image-7722\" srcset=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula8.png 1024w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula8-300x169.png 300w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula8-768x432.png 768w, https:\/\/artica.capital\/wp-content\/uploads\/2026\/04\/formula8-18x10.png 18w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>","protected":false},"excerpt":{"rendered":"<p>Acompanhada por milh\u00f5es de telespectadores ao redor do globo, a F\u00f3rmula 1 \u00e9 a principal categoria do automobilismo mundial. O que pouca gente sabe \u00e9 que se trata de uma empresa privada, e que, nas \u00faltimas duas d\u00e9cadas, passou pelo controle de dois investidores com perfis de atua\u00e7\u00e3o bastante diferentes, mas que, em ambos os [&hellip;]<\/p>","protected":false},"author":4,"featured_media":7750,"template":"","meta":[],"class_list":["post-7749","pilulas","type-pilulas","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/pilulas\/7749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/pilulas"}],"about":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/types\/pilulas"}],"author":[{"embeddable":true,"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/users\/4"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/media\/7750"}],"wp:attachment":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/media?parent=7749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}